Concept of Management Audit

The judgment of Management Audit The focusing canvass is more recent concept. It focuses on results, evaluating the say-so and suitability of controls by challenging central rules, procedures and methods. Management visits, which are generally performed internally, are compliance inspects plus cause-and-effect analysis. Management examine requires some additional constitute. It is a arrogant technique of evaluating the operation and effectiveness of the anxiety of a firm.This audit is conducted by an item-by-item auditor or auditing firm, who are experts in auditing. This is done yearly or periodically. The audit squad collects as many facts and discipline from office records and personal interviews with the personnel office of the firm. The team also collects data through questionnaires distributed among the personnel and customers and/or clients of the firm. The team shall submit recommendations to the focal point for future actions.Management may use these recomm endations for exacting the performance and accomplishments of the firm. According to Ferlyn L. Suvillaga it is a organized estimate of methods and policies of an organizations focussing in the administration and the use of resources and former(a) more. From the response of Loria Lyn M. Fernandez management audit is audit itself but instead of in accounts, it deals with the management. As explained by Rancy Mendoza it is the process of determining the single or group performance in an organization or business. Based on the statement of Ivey Anne Muncada it is a systematic assessment of companys organizational policies and administration. afterwards reading a very undeviating references, the researcher finally realized that management audit is very important, whether to organization, company or firm. It also requires some additional work because without work we cannot perform such management audit.